TRON’s Proposal 102 wants to slash block rewards from 16 TRX to 8 TRX, cutting voting rewards from 160 to 128 TRX. The move would boost annual deflation from 0.85% to 1.29%, creating serious scarcity pressure. Major players like Binance and Google Cloud haven’t voted yet, while TRX already pumped 3% to above $0.29. Nine Super Representatives have cast ballots, but the heavy hitters hold the cards. The economic ripple effects could get wild.
TRON’s community is staring down a crucial vote that could slash TRX rewards in half. Proposal No. 102 isn’t messing around – it wants to cut block rewards from 16 TRX to 8 TRX and drop voting rewards from 160 TRX to 128 TRX. The voting window? Brutally short. Started June 10, ends June 13 at 14:00 Singapore time.
Here’s where things get interesting. This isn’t just about cutting rewards – it’s about cranking up the deflationary pressure. The proposal would bump annual TRX deflation from 0.85% to 1.29%. That’s a 50% jump in deflation rate. For existing holders, this could be gold. Fewer new tokens hitting circulation means more scarcity.
Slashing rewards means cranking up scarcity – annual deflation jumps 50% from 0.85% to 1.29%, potentially golden for holders.
The voting mechanics reveal the usual suspects playing their cards close to their chests. At least nine Super Representatives and community donors have voted, including Poloniex, Abra Capital Management, BlockchainOrg, and cryptoAI.
But the heavy hitters? Binance Staking, Google Cloud, OKX Earn, and HTX.COM are still radio silent. Classic power move – keep everyone guessing until the last minute. This 18 other influential group of players could ultimately decide the proposal’s fate.
TRX isn’t waiting for the results to react. The token’s trading above $0.29, up over 3% in 24 hours. It’s eyeing that $0.30 resistance level like a hungry shark. Break through that ceiling, and $0.33 becomes the next target. Meanwhile, TRON achieved new all-time high daily active addresses, signaling growing network adoption.
The RSI sits at 64, showing strong momentum but flirting with overbought territory. A pullback to $0.27 wouldn’t shock anyone.
Technically, TRX has been climbing an ascending channel since mid-March. The MACD just triggered a bullish crossover, and no RSI divergence is mucking up the picture. The stars seem aligned, at least on paper.
TRON’s developers reached preliminary consensus before throwing this to the community vote. It’s governance theater at its finest – letting the Super Representatives duke it out while everyone watches.
The rationale sounds noble enough: optimize the economic model, promote sustainable development, reduce inflationary pressure. Whether the community buys into this deflationary gambit remains the million-dollar question. With major stakeholders still uncommitted, this vote could swing either way.
